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Calculation and liability of duty, Central Excise |
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Calculation and liability of duty |
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Dear Sir,we have to import lub. oil in the packing of 200Ltr Drum for trading to service stations not to industry. In this regard please confirm:- 1-Is MRP is applicable on the same or not? 2.And what will be the duty calculation on both either it is under MRP or not? Matter is very urgent please confirm with your valuable views and also confirm about rules/section/nott./circular etc. for the same. Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
Item described in the query is a specified goods as per Standards of Weight and Measurement Act as well as notified goods under section 4A of the central excise act. From the query also it appears you would sale the material in the packing condition to the buyers. Therefore, I think you have no option but to pay CVD on the basis of MRP at the time of import. Page: 1 Old Query - New Comments are closed. |
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